Robotics in business will accelerate as less expensive hardware and improvements in AI lead to improved cost structures and increased integration with enterprise software systems respectively. The massive amount of data generated by robotics will create opportunities for data analytics and Artificial Intelligence enabled decision support systems. Emerging areas for enterprise robotics include Robotics as a Service, Cloud Robotics, and General Purpose Robotics.

Industrial IoT (IIoT) is part of a broader trend towards the transformation of industry as part of a fourth industrial revolution (e.g. Industry 4.0) that involves more than just manufacturing. IIoT is poised to transform many industry verticals including healthcare, retail, automotive, and transport. 3D Printing is transformative beyond the printing industry itself as it is poised to cause a huge shift in manufacturing, especially when coupled with AI and advancements in IIoT. In next five years, virtually every human will come into touch with 3D printed products. Mind Commerce sees 3D Printing as an essential building block, along with 5G, AI, and IIoT in forming the 4th industrial revolution, commonly referred to as Industry 4.0 (or Industrie 4.0).

The convergence of Cloud, Data Management, IoT Platforms and Solutions is enabling the next evolution of data analytics in which enterprise will realize significant tangible and intangible benefits from IoT data. The ability to sort data in a raw format, store it in different structural formats, and subsequently release it for further analytics, will be of paramount importance for all industry verticals.

This research evaluates the impact of industrial robotics, IIoT, 3D Printing, and Advanced Data Management upon the manufacturing as well as other product and service creation industries. The research covers how the Smart Factory of the future will bring digitization to heavy industry. The research includes forecasts for 2017 through 2021 for each technology area in terms of market value expectations and penetration. All purchases of Mind Commerce reports includes time with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This needs to be used within three months of purchasing the report.